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First Abu Dhabi Bank issues $650M notes

First Abu Dhabi Bank PJSC issued $650 million in international bonds, Cbonds reported Feb. 27.

The notes, which will mature March 5, 2023, carry a fixed-rate 3.625% coupon. They were sold at a 99.905% price, with an initial yield of 3.67%.

Citigroup, First Abu Dhabi Bank, KFH Capital Investment Co., NCBC and Standard Chartered Bank acted as book runners on the deal.